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Kuwait: Stock market privatisation goes through

The public offer to buy a 50% stake in Boursa Kuwait Securities Company held by the Capital Markets Authority (CMA) was more than 8.5 times oversubscribed by the time it closed on 1 December. It marked the final stage in the privatisation of the Kuwaiti stock exchange. In February, the CMA sold 44% of the group to a consortium of local and Greek investors.

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African Energy Gulf States Newsletter